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Financial investors submitted offers for BTC

2/29/2012

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Three binding offers of financial investors for the purchase of BTC (Bulgarian Telecommunication Company) were submitted before the deadline on February 27th. Offer the only strategic investor - Turkish Turkcell, still waiting. 

Sources said that despite the slowdown the Turkish company has a very serious interest in the Bulgarian telecom and the delay was due to logistical reasons. 

The other investors are with binding financial bids. These are a group centered on the majority owner of Corporate Commercial Bank Tzvetan Vasilev, who was consulted on the deal and from the investment arm of Russian bank VTB - VTB Capital. Another offer comes from a representative of the former owner of telecom Icelander Thor Bjorgolfsson in partnership with Panos Germanos - Greek investor - known for the eponymous chain stores that was sold to the owner of "Globul" in 2006. The third one is a Spanish fund from the 'Pamplona' group.  
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